Author: Luke Dashjr 2017-05-03 23:21:13
Published on: 2017-05-03T23:21:13+00:00
The author believes that paying for services is a good idea, but Bitcoin can better serve with Lightning once it is in production. This will allow cost-effective micro-transactions and nodes to initiate payments before they are synced, which is currently impractical. A proposal was made where full nodes advertise a bitcoin address and users who download the blockchain from that node can be encouraged to send a tip to the peers based on % served. A recommended tip of 10mbit should be fine. Full nodes can also require a tip to download the blockchain, and users who don't specify a tip cannot use them. While this represents a barrier to hosting a full node for some people, they should get their money back and more as long as they stay online. This incentivizes quality, long-term hosting and encourages stable nodes to stick around longer while discouraging "installation spam" attacks on the network. Fees for other node operations can be considered if this is successful.
Updated on: 2023-06-12T00:35:39.863215+00:00